Gold Silver Reports – Crude Prices Rise on Expected fall in US Inventories – Brent oil prices rose to a three-week high on Wednesday as weekly US crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums.
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Crude Oil Recovering After the Devastating Hurricane
Gold Silver Reports — Crude Oil has been recovering after the devastating hurricane Harvey shut down refineries in the US over the past week pushing gasoline prices higher and oil prices lower.
MCX Crude Oil Trading Zone Between 3030—3300 Level
Gold Silver Reports — Technically now Crude oil is getting support key at 3069 and below same could see a test of 3030 level, And resistance key is now likely to be seen at 3211, a move above could see prices testing 3300.
Saudi Arabia Maintains Share of Japan’s Oil Imports
Gold Silver Reports — Saudi Arabia accounted for 40% of Japan’s crude oil imports in the first half of 2017, unchanged from the share it enjoyed before OPEC agreed to cut oil production.
Indian Crude Oil Basket Rises Near $48 Levels
Gold Silver Reports — Indian Crude Oil Basket Rises Near $48 Levels — The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.74 per barrel (bbl) on 19.07.2017.